surrey DETACHED - SEPTEMBER 2 0 2 3
SALES TO LISTINGS RATIO 12% BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 12% VS 2022
▲ 10% VS 2022
▲ 17% VS 2022
▲ 29% VS 2022
There were 1,484 detached listings in Surrey in September, 5% above August and 17% higher than September 2022. September detached home sales decreased by 10% month-over-month, to 174, and were 29% above September 2022. The sales-to-listing ratio for detached in Surrey, at 12%, reflected a buyers' market. The detached median price in September was $1,565,000, a 1.6% decrease from August and 10% above September 2022. The average sold price was $1,721,452, 4% above last month and up 12% to September 2022.
THIS MONTH No. $1,721,452 $1,565,000 12% 174 1,484
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change 12% 10% 10% 29% 17%
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,532,118 $1,420,000 11% 135 1,270
$1,661,188 $1,590,000 14% 193 1,420
4% -1.6% -14% -10% 5%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,484
1,375
1,294
1,420
1,202
1,270
1,155
1,117
1.88
1.84
1.73
1.62
963
1.57
895
894
1.55
863
826
312
300
261
193
136
133
123
88
266
174
135
182
145
$1.65M $1.58M $1.59M $1.57M
$1.52M $1.63M
$1.46M $1.39M $1.48M $1.47M
$1.42M $1.40M $1.35M
22-Sep
23-Aug
23-Sep
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
600
500
400
300
45%
200
28%
18%
100
12%
12%
7%
6%
5%
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M
$3M+
S-L RATIO SALES INVENTORY
20 9 45%
5 0 n/a
17 2 12%
53 15 28%
253 46 18%
557 67 12%
240 16 7%
142 7 5%
197 12 6%
Copyright © October 10, 2023 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of October 10, 2023. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
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